Goldman Q1 GDP Tracker stands at 3.3% following US trade deficit update
Investing.com -- The US trade deficit narrowed more than expected in January, driven primarily by an increase in gold exports that are excluded from GDP calculations, according to Goldman Sachs.
Housing starts rose 7.2% during the period, exceeding expectations which had anticipated a decline. The December housing starts figure was revised downward.
Initial jobless claims edged lower, aligning with forecasts and remaining below their average level from the second half of 2025.
Goldman Sachs’ Q1 GDP tracking estimate stands at 3.3% on a quarter-over-quarter annualized basis. The estimate reflects a drag from higher oil prices in March, which is partially offset by better-than-expected details in the trade and housing starts reports compared to previous assumptions.
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